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The US Treasury urged China to let the yuan appreciate in a timely and orderly manner, calling it substantially undervalued and criticising a lack of transparency in its exchange-rate policy. Washington stopped short of labelling China a currency manipulator but said it could do so later.
Pressure for yuan appreciation could gradually lower China's import costs for dollar-priced commodities, though the report itself does not change trade flows. The implications for feed prices are indirect.
scmp.comSylvia MaFeb 1, 2026After 50 past bearish policy events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (46% higher; middle half -0.4% to +0.4%), and -0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
